Galiano Gold Inc.
GAU · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · EDGAR filings ↗
Grade
C64Producing West African gold miner with surging revenue and cash flow but a GAAP net loss and thin liquidity.
Strengths
- Top-decile revenue growth 94% (94th pct) and OCF margin 35% (94th pct); positive FCF $43m (74th pct)
- Healthy cash balance (71st pct) and positive operating margin 8.2%
Risks
- Net loss: net margin -6.9%, ROE -13.9% (37th pct), net income growth -460% (4th pct)
- Weak liquidity (current ratio 0.92, quick 0.60) and single-mine, single-country (Ghana) concentration
Notable findings
- Net lossNet loss (net margin -6.9%)
- Weak liquidityCurrent ratio 0.92 (<1)
- Strong balance sheetStrong balance sheet — $108M cash & investments
Key metrics
Gross margin
14.7%
Operating margin
8.2%
Net margin
-6.9%
Return on equity
-13.9%
Return on assets
-5.1%
Revenue growth (QoQ)
93.6%
Net-income growth
-460.6%
Interest coverage
2.1×
Current ratio
0.9×
Free cash flow
$43M
Tangible book value
$222M
Cash & investments
$108M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-12 | 2025-12-31 | 0001062993-26-001389 ↗ |
| 40-F | 2025-03-17 | 2024-12-31 | 0001062993-25-005610 ↗ |
| 40-F | 2024-03-26 | 2023-12-31 | 0001062993-24-007145 ↗ |
| 40-F | 2023-03-29 | 2022-12-31 | 0001062993-23-007899 ↗ |
| 40-F | 2022-03-30 | 2021-12-31 | 0001062993-22-008897 ↗ |
| 40-F | 2021-03-26 | 2020-12-31 | 0001062993-21-003077 ↗ |
| 40-F | 2020-03-18 | 2019-12-31 | 0001062993-20-001385 ↗ |
| 40-F | 2019-03-28 | 2018-12-31 | 0001062993-19-001438 ↗ |
| 40-F | 2018-03-19 | 2017-12-31 | 0001062993-18-001236 ↗ |
| 40-F | 2017-03-16 | 2016-12-31 | 0001062993-17-001401 ↗ |
| 40-F | 2016-03-21 | 2015-12-31 | 0001273511-16-000162 ↗ |
| 40-F | 2015-03-18 | 2014-12-31 | 0001273511-15-000030 ↗ |